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measures are identified. the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threat just for
. a compelling message as to why they should throw out barack obama because the economy in ohio is doing better than it is in other parts of the country. >> it is and the question is, who gets the credit ryan joins me now along with roland martin. roland, that was the kind of, you're not afraid to say what you think. a kick in the you know, at least they're saying they feel the way they feel. >> actually, honesty is always the best policy. it's amazing they are making sarah palin out to look like a you know, profit, if you will, when she said they should go rogue. they're going to have to get more aggressive in this campaign in order to close this gap. these debates are going to be critical, but again, these ceo frankly is giving a muddy story if you will as to why he should be the person. i love boxing, erin and they say you don't win the belt of the champion on points. you take it and mitt romney hasn't done that. he has to take it if he wants to win the presidency. >> it makes sense, but ryan, what in the world is he supposed to do? it sounds like he tried to be aggressive. after the attacks
continue rising and consumers become more confident-- two bright spots of the economy. was the bank bailout overdone? hear what a former top regulator says about the rescue. former fdic chairman sheila bair joins us. and if american airlines and its pilots strike a deal tomorrow, it could mean fewer delays for customers and the company's bankruptcy. that and more tonight on nbr! captioning sponsored by wpbt >> tom: some encouraging news tonight for the housing market and consumer confidence. first, housing-- a measurement of prices in 20 cities across the country rose four tenths of a percent in july. that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. these two groups, consumers and housing, are significant because of their influence over the entire economy. >> with the improvement in consumer confidence, we think that consumer spending could pick up as we go into next year. especially since the housing mar
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
explain why they are the guys to economy and turn it around. welcome to "the willis report." >> good evening from everyone. i am cheryl casone and for gerri willis. president obama into the podium at the united nations to defend his foreign policy. all eyes are on him. anti-american protests continued to rage on. the president making clear that he is hopeful enact let us remember that this is a season of progress. for the first time in decades, nations and libyans and egyptians voted for new leaders that were credible, compatible and fair. cheryl: has a change to something more dangerous? tonight, we talk to our expert from the hoover institution. today, he definitely handled the issue of the middle east. but critics say he has made too many missteps come back. >> he really didn't. president obama has to, begin with, changing his story. his administration described the crime that had taken place in benghazi is related to the video. it wasn't video. it was an act of terrorism. this story has changed. this is the background. so much for the rest is a good deal of revision of history. c
. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion
in advertising revenue. this is due to the internet and sluggish u.s. economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british government plans to publish a final
passed on to our kids. it's not just bad for the economy. it's not just bad for our job creation. it will in my opinion, it's immoral for to us pass on obligations like that to the next generation. >> romney'sry reserting the economic attack on the president as a new study shows median household income fell 1.1% in august to just over $50,000 a year. since june 2009, household income fell $5.7% and they are down 8% since obama took office. romney's blunt assessment is everyone will share in the sacrifice to fix the mess and get people back to work. >> don't expect a huge cut in taxes, i'm also going to lower deductions and exemptions. but by bringing rates down, we will be able to let small businesses keep more of their money so they can hire more people. >> romney's latest ad is just him, framing the choice. >> big government dependency, versus personal responsibility and liberty. >> we shouldn't measure compassion by how many people are on welfare. measure compassion by how many people are able to get off welfare and get a good paying job. >> reporter: that in effect is romney
and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do this. that means europe stays in a recession. for u.s. investors, i think it is still something of a side show. >> something of a side show. until they either come up with the austerity or -- something's got to give, right? >> because it doesn't disrupt the u.s. economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value
on the planet." (laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until
the real economy is very important to us. in missouri we have a strong industrial rail process where you have a lot of goods across our state. we have work to improve the system, get rid of bottlenecks. for example, the osage river where we are now in the process of building a bridge that we can get another land we don't have slowdowns. the first step is to make sure we don't get slowdowns so when we look to more possibilities for passenger rail travel, that we have a system to deliver on time. so we're looking at that. we've also worked with illinois because anybody that looks at the bigger picture of our country will see getting the first step from chicago to st. louis is never going to attract the resources for high-speed rail across their state. that's why we worked with the state of the one i and others to get the initial project completed, while at the same time working to improve our network here for on-time efforts. you know, all of that is part of a long-term transportation focus that will continue to provide us a competitive economy. >> dave spence. >> i think it sounds great i
geo politics has upped the price, but now the slowing economy is questioning how long traders can hold on to those premiums. you can't outrun economic fundamentals no matter how much you print. >> what do you think about that, bill? even though corporate america looks strong, looks like the earnings estimates need to come down. >> i think the summer of dal droms are about over. going forward, the thing that might be the big spark that changes the psychology and the ball game is the election. i don't believe all the polls. we'll see what happens. if we're right that there's a seat change and some fellas join the unemployment line deservedly, then you might see money be put to work. this fiscal cliff and all the other nasties we hear about are not going to be permanent dampeners on the economy. i think you have to look forward and anticipate what's next. >> is it the same scenario -- >> that one i disagree on. >> okay. bill, are you looking at different scenarios if the president wins re-election versus a romney win? how are you playing that? >> well, number one, i don't think anybody's
the current state of the election and plenty of people are concerned about the trends and the same economy in these times. most important of them who are the people who will show up to the polls in november. we want to have a follow-up discussion about economics, demographics, and the expectations for 2012. this is a follow-up for what was released in november of last year. with that, i am pleased to introduce my colleagues. the co-authors of the report they are releasing at www.american progress.org. after this presentation, you have a conversation with our panel and we look forward to hearing from you as well. i encourage you to follow the conversation. our guests recent writings include the european paradox and the decline of the working class and the rise of the mass upper-middle-class. he holds a degree in sociology from university of wisconsin, madison. i say about the game yesterday. [laughter] please welcome rich. [applause] >> thank you, everybody for coming. as daniella mentioned, this is about the report to be released last november. there is obviously a you -- adding about ideo
economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living in. the real question is the resurgence of real estate we're seeing now, is that sustained growth? is that just, you know, for the moment? but as i look at it, we're putting in place an awful lot of things that shape what our city looks like in the future, how our city operates, how we interact with our city. as i started to think about that, i thought, you know, the number of major infrastructure projects going on in our immediate region now are probably -- there are probably more dollars and energy going int
's all about the economy. yesterday he made an interesting pitch to the crowd saying, i need you to go out and tuque to obama. vote for me this time. so they're really trying to target tho voters. as i heard you say earlier,n thpresland in crowd, the romney spinners are pushing back on the polls. they insist they're within the margin of error but they offer no proof of that. he's hoping for big crowdser more enthusiasm and hoping to open the gap here because as you owiny nohio. >> ron allen following the campaign for us. ron, thank you. let's look at the map itself when it comes to ohio. there are less than a thousand hours until election day. is that sinking in? bodisti the campaign trail. if ohio is really leaning toward the president, what does that mean for mitt romney and his potential path to victory? let's go to the latest nbc news battleground map and show you where thisd. last week we moved from toss-up to lean ohio. the president's lead, it went from 24 2770. what does this mean if you give him ohio? well, watch. so you give the president of ohio, he gets up to 261. he use no
taxes will help grow the economy? >> no. >> ryan's expression back there when he looks over at portman, kind of intriguing. it would be curious what a thought bubble would be going on over there. but it's a little bit of a change for romney. he had often been accusing the president of raising taxes or citing increases, i thinking about the health care law, et cetera. a romney adviser put out a memo yesterday explaining how capital gains are taxed. as they say, if you're explaining how capital gains are taxed, not just calling for different ways of lowering them, if you're simile having to explain it, you're losing. romney has also tried to make china a boogeyman and he did it again in ohio yesterday. >> that when people cheat, that kills jobs. china has cheated. i will not allow that to continue. [ cheers and applause ] >> this is one issue where romney has tried to go on the offense with china since he got on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade
at the dynamics economically at play in ohio. governor cakasic's great job of sheparding the ohio economy to account for state unemployment 7.2%, lower than the national average, it also undercuts mitt romney's message this economy isn't in turn around and time to get someone else. >> makes john kasic a hobbled sur row gate for mitt romney, you can't say the economy is great when you're trying to prove the economy is bad. thing about ohio it's an important state, and remember when 2004 the whole election came down to john kerry losing narrowly to george w. bush in that state, the president has a couple huge advantages we're seeing in the ten-point game, one is the auto bailout. there is no state besides michigan be impacted more positively by the auto bailout than ohio. 82 out of 88 counties have an auto parts supplier in them that's felt a direct effect of the bailout. part of why the economy is doing better there. it's enough to move the needle. also the case that anti-union backlash in the industrial midwest and wisconsin has motivated organized labor in ohio in a way, the case always
fellow countrymen and women are in poverty today. president obama, the economy is barely growing, he's run out of ideas and just the other day on tv he said that he can't change washington from the inside. why do we send presidents to washington in the first place? isn't that what we are supposed to do? don't we send them with a message to washington? if he can't change washington we need to change presidents and we need to elect this man the next president of the united states. the choice before us is very clear. we are offering real reforms for a real recovery. we cannot afford four more years of president obama's failed policies. what mitt romney is offering, what we are saying is, here are big ideas, big solutions, that are designed to get people back to work. proven policies to get our country back on track. number one, right here in ohio all across america we have a lot of our own energy. let's go get that energy and use it and get people back to work. gas, oil, coal all of the above. it is here, it is ours. you know he is going to do -- he is when you say yes to the keystone p
to make the economy topic number one. >> there are so many in our economy that are hurting. >> as i travel around ohio i do not see a lot of victims. i see hardworking ohioans. >> the president leads the 53% to 43% in ohio. in pennsylvania, the latest poll shows obama leading 54% to 42%. and in florida president obama leads a 53% to 44%. here in virginia one woman is reluctant to commit to romney. she says she may vote republican in the senate race but she was turned off by the mitt romney 47% remarke. >> what he said about 47% depending on the government, that is not true at all. >> this alexandria of voter. >> we have been losing jobs, but i think the mitt romney plan is superior to the president's plan. >> obama in the lead. there is a margin of error. romney campaign officials say they find fault with the quinnipiac poll methodology and believe the race is tighter. they think there is still plenty of time to overtake the president. rebecca cooper, abc 7 news. >> thank you, rebecca. the president was in ohio and had a little bit of a tough time getting there. he had to force landed in t
happening in the economy, disease -- does it not? >> i agree. look, there are major headwinds out there. it's hard to be positive about anything. europe's slowing down can, we're printing money like crazy, and when you're dealing with a world where the growth is coming from reducing friction as opposed to sort of increasing thrust, there's just not a lot of foundation there. there's nothing solid that investors or anyone can really stand on to be positive, in my opinion. david: and, stephen, i didn't like what ben bernanke and his buddies at the fed did, but the fact that they did that indicates that what they were seeing -- they have access to all kinds of data we don't have access to -- what they saw was something bordering on recession, otherwise they would not have gone all in as they did with qe3. >> yeah. you know, make no mistake, from the longer-term perspective, i agree. the negative impact of this easy money, you know, will catch up with us, but i think it's still several years down the road and probably comes most likely in the form of inflation. but right now particularly the eq
. it's go time. ♪ >> the president and michelle obama. >> hes loving, giving, open. >> our economy works the best when everybody gets a shot. >> it looks a little foolish on the view with the girls on the couch. >> there are going to be bumps in the road. >> the world needs american leadership, we do and we're going to bring it. >> a few words from bill clinton can do a man a lot of good. >> i think that ought to be a little bit of a red flag. >> our constitution protects the right to free speech. the future must not belong to those who slander the process of islam. >> i'd give the speech a c. it was a great big warm fuzzy blanket. >> unlike the seattle seahawks last night we want to deserve this victory. i'm sorry i'm a packer fan. i had to get that last one in there. >> let's start with president obama. he spoke this morning, looked presidential, he looked cool under control so here's the first part of his speech. >> true democracy real freedom is hard work. those in power have to resist the temptation to crack down on dissidence. in hard economic times countries must be tempted,
. this is for that reason. their economy will suffer a double little bit. they need crude-oil. people driving cars over there show the market coming of the way it did. those cracks blew out today. refinery fire in canada turned out to the storage tank. if you look at the cracks between the prices of crude oil versus gasoline that made a tremendous move today and there are other factors. may be a blip in that market but those cracks have been strong going forward so you will see strength in the product versus crude even if the crude comes -- will move out. cheryl: one other issue. talking about the election and november around the corner. do you find people sort of have true conversations about investment decisions at the end of the year? >> absolutely and people will be more concerned about that in october. the first of three presidential debates was the vice-presidential debate. people are disgusted with the lack of movement in washington concerning the fiscal cliff so part of the problem, the apathy in the market is people don't know where to go. very unclear and the light at the end of the tunnel is
: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>
hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are doing spec homes, so lot prices have gone up significantly in the last ten months. >> reporter: new home prices are also rising. the commerce department said last month alone they were up more than 11%. but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million ana half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on bu
any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? oh, my ohio. mitt romney knows that's trouble. and in a brand new ad one reason is clear, as romney plays face the camera doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what here's an example of a politician speaking this afternoon in bowling green with genuine authenticity and commitment. >> my opponent may think it's fair that someone who makes $20 million a year like he does pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. i refuse to ask middle class families to give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. did we mention ohio voting starts in
, and yes, we have taken it to account the kind of shocks the could apply to economies if and when, which i hope is never, the price of oil and the price of energy was to skyrocket more than it is at the moment. but you could take pretty much any area of the world where there are latin complex, not that want to minimize iran clearly, but all such conflicts could themselves entail economic consequences that we have to be mindful of when we model. i don't want to sort of list those parts of the world where conflicts could arise and would have consequences, but this is, you know, as beckett used to say, this is life and his no cure for that. [laughter] >> next question. >> hello, thank you for your talk this morning. i'm with china centric television in washington, d.c. and my question is regarding china but in relation to the global financial crisis, what policy decisions and actions which are like to see from china in the coming months? >> i think policy decisions have been announced already very much so. i'll distinguish between short-term and medium-term. short term there's an announcement
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
some statements about the economy already in the opening remarks. so let's start with that. as governor nixon noted, the jobs increased 18,000 nearly from july to august. but the number of people in the civilian labor force, those working unemployed but actively working fell by 11,000 during the same period. so let's start off with this question. do you believe that the economy is improving or lagging behind, and what three specific things would you do to create more jobs and misery. governor nixon, your first. nixon: we are seeing that progress necessary to move forward once the jobs bill got into effect in september of 09 we have had an unemployment rate below the national leverage and today's numbers showing not only this last month gaining 17,900 jobs but also that means the third most new jobs of any state in the country shows we are beginning to make progress and it is built on a solid, solid rock of fiscal discipline, holding the line on taxes, focusing our attention on industries to make a difference. for example, that is why i call the legislature back into the special session
. the governor earlier today focused on the economy. >> do we really want four more years with 23 million americans struggling to find a good job? >> no! >> i mean, do we want four more years where half the kids coming out of college can't find work or college-level work? >> no! >> do we want four more years where every single year the take home pay goes down? >> no! >> do we want four more years of trillion dollar deficits? >> no! >> yeah, i don't believe we can afford four more years like the last four years. the people of ohio are going to say loud and clear on november 6th we can't afford four more years, we must do better. [cheers and applause] megyn: well, one of the political writers focused on the romney change today is chris stirewalt, fox news digital politics editor. chris, there is a shift in the romney approach. describe exactly what we're seeing. >> well, what you're seeing is a campaign that had previously been trying to have a campaign that was structured around the idea that barack obama was a nice guy, a good fellow, a good dad and an all-around swell american but that m
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
. that's what's happening now, coming to grips with their economy is going to be horrendous for a long time. >> thank you very much. i'm sure we'll check back with you later this morning. >>> we have to go? really? we do? all right. coming up, this football stuff. >> we'll get into some of this. >> today's national weather forecast. in sports, another team clinches a major league baseball playoff spot. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's ha
on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hill. >> is the world ready for a clinton back in the office? >> i can run for president of ireland because of my irish heritage. >> this is "piers morgan tonight." good evening. the most powerful man and woman in the world are gathered in new york tonight at the u.n. and across town at the clinton global initiative. president obama spoke at cgi today. we'll get to that in a moment. he had tough talk on iran's nuclear program. >> let me be clear. america wants to resolve this through diplomacy and we believe that there is still time and space to do so. but that time is not unlimited. >> with just 42 days to go until the election, mitt romney blasted iran in his speech to the cgi. >> a voice of unspeakable evil and hatred has spoken out, threaten
for iran and the economy and perhaps take a military course. melissa: yeah, it feels like we're not having impact. that's why we're talking about all these things tonight. thank you very much ambassador, for coming on. >> thank you very much. melissa: hoards of demonstrators violently taking to the streets of greece and spain to protest new austerity measures. governments are trying to take one step forward to solve the continent's debt crisis but some citizens seemed determine to take two steps back. with the u.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part of the financial crisis there but, you know, we're looking at these pictures. what do you think, steve? >> i will answer your question whether this kind of thing could happen here, melissa because i think t
>> pelley: tonight, signs of a new direction in the economy. we have new information on consumer confidence and real consumer confidence and real estate prices today. anthony mason on what all this means for jobs. jan crawford and nancy cordes with the president at the romney in ohio promoting free trade. jeff glor on the call that every football fan is talking about. >> it was awful. that's all i'm going to say about it. >> pelley: and these images helped change america. >> how could you not ask the question "what ever happened to that kid?" >> pelley: seth doane with the man who uncovered the stories behind the faces. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. six weeks before an election that may turn on the state of the economy, a new survey out today finds that americans are feeling better about things. consumer confidence is at its highest level in seven months, largely because more americans expect the jobs picture to improve. but confidence is still at what's considered a weak level. home values are increasing. a
a poor recovery of the u.s. economy because of the failed policies of the president. if you had a more robust economy you would have less of a devit. >> steve: the plan that current president made available to what he would do in the next four years. >> he claimms a several trillion in deficit reduction over the next 10 years. that's not a flat out cut in the debt or deficit. that is a slowing in the rate of growth in the rate of deficit and those cuts come many years down the road. >> brian: thank you, stewart we'll watch you at 9:30. >> gretchen: crying babies on a plane. one airline came up with a solution. >> brian: president obama pulled ahead but larry sabido who correctly predicted the electionn said that is not going to last long in virginia. ♪ i'm yours . ♪ ♪ here i am, baby. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. but i'm still stubbed up. [
a sluggish global economy. and there is concern more companies could follow suit. it wasn't all bad news on wall street. we actually got some pretty positive economic numbers. now, u.s. consumer confidence rose to its highest level in seven months in the month of september. we got housing data, housing prices rose at a faster than expected pace in the month of july. getting mixed signals about the stift u.s. and the global economy and will continue toe a major focus for investors worldwide. ate of the u.s. and l economy and will continue to be a major focus for investors worldwide. here in tokyo, investors will take a wait and see stance, moves driven by external fact to including europe's debt problems and overnight falls on wall street. now, spain is preparing a new round of austerity measures this week for the next fiscal budget. that is going to be a major focus. >> here in japan, we have the main opposition liberal democratic party's presidential election today. is that expected to effect the stock market? >> analysts are expecting it to be a factor for date because candidates have
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